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US stocks close in red as S&P 500 dips on oil rally and geopolitics

US stocks closed red on Friday, despite showing some recovery and optimism after the opening bell. The benchmark S&P 500 index slipped 0.61%, leaving it about 5% below its most recent peak. Meanwhile, the Nasdaq Composite fell 0.93%, and the Dow Jones Industrial Average dropped 119 points, or 0.25%. Rising oil prices tied to geopolitical

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Oil

Microsoft eyes massive Texas AI hub as quality score hits new high

Microsoft’s quality rating reached a new high this week, even as the stock’s price momentum remains weak. At the same time, the company is moving to secure major artificial intelligence infrastructure in Abilene, Texas, as part of a broader effort to expand Azure AI capacity. The quality score rose week over week from 89.96, while

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Is AI speeding up war? How US struck 2,000 Iran targets in 4 days

Artificial intelligence is increasingly shaping how modern wars are fought. In recent US military operations linked to the conflict involving Iran, Washington said it struck more than 2,000 targets in just four days. That pace would have been difficult to sustain in earlier conflicts, when military intelligence had to be reviewed manually across multiple command

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US attacks Kharg Island: why this oil chokepoint could play the decider?

The war with Iran has already shaken oil markets, but the latest US strike on Kharg Island reveals something deeper about how this conflict may unfold. The island is not just another military target in the Persian Gulf. It is the point where Iran’s economy connects to the global oil system. Washington hit military installations

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From Kolkata to Lucknow, Hormuz blockade fuels LPG crisis for eateries

How does grabbing a chicken roll in Kolkata—a city famed for its vibrant culinary heritage—connect to the US-Israel-Iran war raging in the Middle East? Surprisingly, it does—a lot. Samir Ray, who runs a bustling fast-food stall serving hundreds daily, told Invezz he may soon have to shut down amid India’s worsening LPG cylinder shortage, directly

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Altaf Kassam: US stocks may not ‘snap-back’ after the Iran war

As the conflict in the Middle East continues to roil global markets, investors are searching for signs of a turnaround. However, today on CNBC, Altaf Kassam – EMEA Head of Investment Strategy and Research at State Street Global Advisors – provided a sobering reality check. While historical precedents suggest that markets often rally before a

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DOT eyes $1.76 as ETF records first inflow: Check forecast

Polkadot (DOT) is in the red while other major cryptocurrencies are rallying. The coin is down by less than 1% in the last 24 hours and now trades at $1.524. It is approaching a key resistance zone, where a breakout could trigger a rally. The rally could be fueled by growing institutional demand for Polkadot

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Dow futures edge up as oil surge, PCE inflation data weigh on markets

US stock index futures edged higher in choppy trading on Friday as investors awaited key economic data on growth and inflation, while escalating tensions in the Middle East continued to push oil prices higher and cloud the outlook for global markets. Futures tied to the Dow Jones Industrial Average rose 135 points, or about 0.29%,

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UK economy stalls as oil surge raises inflation and recession fears

The UK economy unexpectedly stalled in January, raising concerns about the country’s ability to withstand a sharp rise in energy prices triggered by the escalating conflict in the Middle East. Data released by the Office for National Statistics showed that gross domestic product remained flat in January, with 0% growth, compared with December, when the

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Oil

Token2049 Dubai postponed as Middle East tensions disrupt crypto travel

The Dubai edition of Token2049, one of the world’s largest crypto industry conferences, has been postponed as regional tensions continue to disrupt international travel across the Middle East. Organisers confirmed on Friday that the event, originally planned for April 29-30 in Dubai, will now take place on April 21-22, 2027. The decision comes as the

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